LCH forges ahead with Asia expansion, shifts regional head to Singapore
The global group sees rise in clearing demand, with Phase 5 of the global uncleared margin rules - designed to curb systemic risk - coming into effect in September
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LCH Ltd, the world's largest clearer of interest rate and foreign exchange (FX) swaps that is majority owned by the London Stock Exchange Group (LSEG), is shifting its Asia-Pacific expansion gear up a notch, with the appointment of a new regional head in Singapore.
The senior management of LCH told The Business Times that the European group is working with various central banks in the region to support the migration to new reference rates, and will launch new products with a distinct Asian flavour to capture the rising demand for risk management and capital efficiencies.
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